The Reserve Bank of Zimbabwe (RBZ) has raised the limit on mobile banking transactions from person to person from ZW$5 000 to ZW$10 000 per transaction and from ZW$35 000 per week to ZW$70 000 per week. In August 2020, the RBZ ordered a limit on mobile b
While the local unit trades at $97 to US$1 on the auction market, the rate has shot to between $170 and $195 to US$1 on the open market. Some market watchers are on record expressing sentiment that the gap between the official and parallel market rates was a result of the central ...